One thing I have noticed over the last 6 months is that so many projects in crypto offer staking. The idea of buying whatever crypto token you have purchased and then staking it on that tokens block chain is becoming more and more common. The idea of being in a project long term with the bonus of earning more via staking instead of just holding is the desired way to grow these days.
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DeFi has definitely played a huge role in this as we have seen tokens rise by not doing 100 x but 1000 x in short periods of time. The risk of selling something that has a possible future is just too high of a gamble so staking and earning more makes real financial sense.
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I think this highlights what I was sating quite clearly. Found this after I posted so just added as it is important to get an idea to see where everyone is staking.
A coin like Solana for instance has risen by over 4000% in the last year and if you had combined that type of growth with staking then what is the point of trading. The APR is not huge like certain DeFi projects but still not that shabby at 11%.
I was looking at COTI a short while ago when it was 50c which it is now 15 c as the minimum staking is 25000 tokens. Seems like a bargain costing $3750 compared to $12500 literally 2 months ago. Prices will rise again and most likely surpass their ATH later this year or next year so these projects are looking more and more tempting as if the price drops even more your investment when the price rises again could be literally paid off in a few months.
I think this highlights how fortunate we are all on Hive as the staking and reward system is more lucrative than most besides DeFi of course. Just think what the possibilities could become if Hive had a DeFi option as not only would it attract more stake tying it up but it would highlight the Hive blockchain even more.
With the entire market being so volatile over the last few months the staking blockchains /DeFi make for a safer haven or hideaway knowing you are holding your bags, but are still earning at the same time. The price drops will happen but then you are still earning anyway so in theory less pain is felt.
This is something we are all to used to on Hive as price isn't an important factor right now if the long term goal is to grow your stake. The days when Hive was at 12c wasn't great but it was great for growth if you remained active and at the current price of 25c the same mentality still applies.
I have asked this before but does anyone know if there is going to be a Hive DeFi project coming onto Kingdoms? This is something I am sure many would love to see as it makes plenty of sense for Leo/Cub holders to also have Hive in the Kingdom eco system.
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They would be better off just going to POW and keeping token supplies down. What is wrong with these devs? they have no clue.
I think this inflation clause in Hive blockchain can be considered as DEFI as long you hold Hive power.
As you mention price does not matter if long term is your goal.
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Hive dollar you hold can earn 7%. We have enough bang for the bucks to propose Hive blockchain as DEFI. It was like that for while and few really understand it and use it as such. It is like this blockchain is a gold mine but only whale mindset sees it that way while others only see curation and posting.
People are realizing that defi is the future of investments.
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I don't really understand the part where you said Defi option would highlight hive even more, how would that add much? Can you elaborate on that please?
More people would be made aware of Hive if they were drawn to staking Hive on DeFi. Being able to earn by posting, curating, staking plus DeFi would make Hive definitely stand out more. Getting users to register on Leofinance to stake on Kingdoms would eventually alert them to another way of earning.
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The DeFi changing the concept of staking. Hope we also get to see that on hive. Hive DeFi on kingdoms will be really cool